Odisha Government borrowing to be Rs 18,877 crore
The state government will have to borrow Rs 23,584 crore from different sources and repay Rs 4,707 crore during 2019-20 financial year to implement several welfare schemes including KALIA and Pucca Ghar Yojana though the finances have not looked up.
Though the government has placed a Budget of Rs 1,39,000 crore for 2019-20, it is heavily dependent on Odisha’s share in Central taxes and grants, which is likely to put a heavy burden on the State exchequer.
While the state share in Central taxes has been estimated at Rs 39,207 crore, the figure is likely to change as Odisha Budget was placed in the Assembly before the Union Budget. Besides, Central grants have been estimated at Rs 30,559 crore for implementation of different schemes.